I know that this is in operation ight now but it is a high isk feature taking into consideration that the mobile is the most vaulanarable device right now.
@Stoc.. i agree that making mobile money transaction a safe should be on a high priority for banks and mobile network provider if they want to ride on this wave. Make use of the mobile money transaction can be as friendly as using credit card or debit card. Using mobile money as a debit we need not to have machines to swipe the card for payment and can be used with wider retail network.
Jennifer, your article clearly highlights the benefits of Mobile money transfer in this part of Africa. It shows that the success lies in the necessity. Faced with limited access to the internet, but greater control and access to mobile phones, has enabled this cash flow technology revolution works. It has liberated the services users. It's fantastic.
Mobile money is the next logical step, and a great value-added proposition for mobile devices. Any kind of banking transaction though has the potential for fraud and unauthorized access. With worldwide mafias becoming more tech-savvy, more information is forthcoming on how transactions would be safeguarded.
"This due to failure of governments in providing ICT infrastructure which could aid delivery of technologies like ADSL, fiber and other"
@Wales: I agree with you on this. In countries with weak ICT infrastructure, mobile is doing the job that internet is supossed to do. This is not just restricted to financial transactions. Even education and healthcare services through mobile phones is becoming pretty common in these countries.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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